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|Title: ||Bottom-Up Corporate Governance|
|Authors: ||Landier, Augustin|
|Issue Date: ||11-Mar-2005|
|Series/Report no.: ||FIN-05-011|
|Abstract: ||In many instances, ”independently minded” top ranking executives can impose
strong discipline on their CEO, even though they are formally under his authority.
This paper argues that the use of such a disciplining mechanism is a key feature of
good corporate governance.|
|Appears in Collections:||Finance Working Papers|
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